Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Information about Leases

The following tables present information about the Company’s leases:

(dollars in thousands)	March 31, 2022
Lease liabilities	$	960
Right-of-use assets	$	935
Weighted average remaining lease term	3.39 years
Weighted average discount rate		1.73	%

Lease Cost

	Three Months Ended March 31,
Lease cost (in thousands)	2022		2021
Operating lease cost	$	82	$	104
Total lease cost	$	82	$	104
Cash paid for amounts included in the measurement of lease liabilities	$	84	$	139

Maturity of Operating Lease Liabilities

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows:

Lease payments due (in thousands)	As of March 31, 2022
Nine months ending December 31, 2022	$	255
Twelve months ending December 31, 2023		248
Twelve months ending December 31, 2024		240
Twelve months ending December 31, 2025		193
Thereafter		70
Total undiscounted cash flows	$	1,006
Discount		(46	)
Lease liabilities	$	960